The current generation Ford Mustang (S550) has been with us since 2015, so it’s obviously ready for a big update. Ford hasn’t announced when the S650 model will arrive, but a new report claims that the next-generation Mustang will enter production in March 2023.

2022 Ford Mustang Shelby GT500/Heritage Edition

The latest report comes from Autoline, who cites AutoForecast Solutions about the new Mustang. It was originally believed that the new Mustang would arrive for the 2023 model year, but now the new report claims that it will arrive for 2024. It’s also expected that the S650 Mustang will get a new hybrid powertrain, but it’s not known if it will arrive at the same time as the new Mustang.

It’s expected that the next-generation Mustang will be based on an updated version of the current platform, but all-wheel drive might be available for the first time. Under the hood initially we can expect the same 2.3-liter EcoBoost four-cylinder, the Coyote 5.0-liter V8 and possibly the supercharged Predator 5.2-liter V8.